The GOP Tax SCAM Just Dealt 1000s of Kimberly-Clark Employees a CRIPPLING Blow

Before Trump signed the GOP tax bill into law, Nobel Prize-winning economist & NY Times columnist, Paul Krugman, warned Americans. In a Twitter thread, Krugman explained how the GOP’s reform depends on the deflated theory of “trickle-down economics,” which erroneously speculates that giving the wealthiest Americans more money will lead to dollars “trickling down” to the lower classes.

So far, a handful of corps has given their employees minuscule bonuses, while most CEOs have decided to reinvest the extra money into the company. The case of Kimberly-Clark Corporation, a multinational group that produces mostly paper-based products, is the perfect example of the GOP tax scam at work.

Kimberly-Clark admins decided to use the extra tax savings to fund their restructuring program. When they say “restructuring,” they mean laying off between 5,000-5,5000 employees, or a roughly 12% decrease in American workers.

Senate Minority Leader Chuck Schumer (D-NY), cited the Kimberly-Clark situation in a speech, saying that the corp’s plan is “evidence that big corporations are not turning their new tax cut into jobs for the middle class.”

Kimberly-Clark Chief Financial Officer Maria Henry is focused on shareholders before employees. She said the plan “provides us flexibility to continue to allocate significant capital to shareholders.”

Kimberly-Clark expects to spend approximately $1.5 billion by 2020 to layoff employees and “restructure” the company. Maybe, the laid-off employees can purchase some stock in the company after getting fired.

Comments

Explore More

We are a political organization fighting for rights we all deserve, but have not yet achieved. We also oppose any entity that tries to stand in the way of achieving these rights.Click here to see the left over rights we are fighting to achieve.